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Global Video Conferencing Market Size, Share & Trends Analysis Report by Component (Hardware, Software), Deployment (On-premise, Cloud), Enterprise Size, Application, End-use, Region, and Segment Forecasts, 2024-2030

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    Report

  • 160 Pages
  • June 2024
  • Region: Global
  • Grand View Research
  • ID: 5415505
The global video conferencing market size is anticipated to reach USD 20.02 billion by 2030, exhibiting a CAGR of 9.4% from 2024 to 2030. market is experiencing significant expansion, primarily driven by the widespread integration of cloud technologies and the rising preference for Video Conferencing as a Service (VCaaS). The market is further fueled by the growing popularity of globalized working models, positioning video conferencing as an essential tool for communication within numerous organizations.

The ongoing technological advancements in video conferencing are significantly driving the product demand across corporate, education, healthcare, among other verticals. For instance, in March 2024, Avaya LLC launched the Avaya Communication and Collaboration Suite that delivers seamless communication and collaboration experiences to customers, where they can connect with people and tools on a single platform, such as meet, call, chat, share files, manage tasks, and more. Such developments are fueling the video conferencing market in the coming years.

Moreover, the rising need to create a cost-effective, adaptable, and scalable communication system for better team collaboration, conversation, and decision-making is expected to have a considerable impact on industry trends in the coming years. The demand for solutions that simplify collaboration and enhance decision-making is on the rise among businesses and individuals alike. This trend is anticipated to further propel the expansion of the video conferencing market.

Video Conferencing Market Report Highlights

  • Based on deployment, the on-premise segment dominated the market in 2023, driven by industries complying with strict data security requirements, existing investments in IT infrastructure, and challenges pertaining to internet reliability, latency, and bandwidth.
  • Based on components, the hardware segment dominated the market in 2023, owing to increasing adoption of endpoints, including laptops, smartphones, and desktops equipped with high-resolution cameras, speakers, and microphones.
  • Based on enterprise size, the large enterprises segment dominated the market in 2023. The segment growth is attributed to the high adoption of video conferencing solutions among these enterprises for business communications across geographies.
  • Based on application, the enterprise segment dominated the market in 2023, owing to the higher demand for conference video endpoints that are room-based hardware solutions deployed and configured in meeting rooms.
  • Based on end use, the corporate segment dominated the market in 2023. The segment growth is attributed to the growing consumer interest in cloud-based communication and collaboration solutions.
  • Based on the region, North America accounted for the highest market share in 2023.The strong presence of various major technology companies, such as Microsoft Corporation, Google LLC, Cisco Systems, Inc., etc., providing high-end collaboration tools is contributing to the market growth.
  • Key market players operating in the market include Adobe Inc.; AURA Presence, LLC; Avaya LLC; Cisco Systems, Inc.; Google LLC; Huawei Technologies Co., Ltd.; Logitech International S.A.; Microsoft Corporation; Plantronics, Inc. (acquired by HP Development Company, L.P.); Enghouse Video (formerly Vidyo, Inc.); West Corporation (Intrado Life & Safety, Inc.); Zoom Video Communications, Inc.
  • In April 2024, Zoom Video Communications, Inc. announced the general availability of Zoom Workplace, the company’s AI-powered collaboration platform that includes new features to help users reimagine teamwork, facilitate connections, and improve productivity.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


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Table of Contents

Chapter 1 Video Conferencing Market: Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources & Third-Party Perspective
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data analysis model
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Video Conferencing Market: Executive Summary
2.1 Video Conferencing Market - Industry Snapshot & Key Buying Criteria, 2018-2030
2.2 Global Video Conferencing Market, 2018-2030
2.2.1 Global video conferencing market, by region, 2018-2030
2.2.2 Global video conferencing market, by component, 2018-2030
2.2.2.1 Global video conferencing market, by hardware, 2018-2030
2.2.2.2 Global video conferencing market, by service, 2018-2030
2.2.3 Global video conferencing market, by deployment, 2018-2030
2.2.4 Global video conferencing market, by end-use, 2018-2030
2.2.5 Global video conferencing market, by enterprise size, 2018-2030
Chapter 3 Video Conferencing Market: Outlook
3.1 Market Size and Growth Prospects
3.2 Video Conferencing - Value Chain Analysis
3.2.1 Vendor landscape
3.3 Video Conferencing - Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Growing high-speed communication infrastructure
3.3.1.2 Increasing adoption of video conferencing solutions by MNCs to support global operations
3.3.2 Market challenge analysis
3.3.2.1 Data security and privacy concerns
3.3.2.2 High acquisition and integration costs
3.4 Penetration and Growth Prospect Mapping
3.5 Business Environment Analysis Tools
3.5.1 PEST analysis
3.5.2 Porter’s five forces analysis
Chapter 4. Video Conferencing Market: Component Estimates & Trend Analysis
4.1. Component Movement Analysis & Market Share, 2023 & 2030
4.2. Video Conferencing Market Estimates & Forecast, By Component (USD Million)
4.2.1. Hardware
4.2.1.1. Camera
4.2.1.2. Microphone/Headphone
4.2.1.3. Others
4.2.2. Software
4.2.3. Service
4.2.3.1. Professional Services
4.2.3.2. Managed Services
Chapter 5. Video Conferencing Market: Deployment Estimates & Trend Analysis
5.1. Deployment Movement Analysis & Market Share, 2023 & 2030
5.2. Video Conferencing Market Estimates & Forecast, By Deployment (USD Million)
5.2.1. On-premise
5.2.2. Cloud
Chapter 6. Video Conferencing Market: Enterprise Size Estimates & Trend Analysis
6.1. Enterprise Size Movement Analysis & Market Share, 2023 & 2030
6.2. Video Conferencing Market Estimates & Forecast, By Enterprise Size (USD Million)
6.2.1. Large Enterprise
6.2.2. Small & Medium Enterprises (SMEs)
Chapter 7. Video Conferencing Market: Application Estimates & Trend Analysis
7.1. Application Movement Analysis & Market Share, 2023 & 2030
7.2. Video Conferencing Market Estimates & Forecast, By Application (USD Million)
7.2.1. Consumer
7.2.2. Enterprise
Chapter 8. Video Conferencing Market: End-use Estimates & Trend Analysis
8.1. End-use Movement Analysis & Market Share, 2023 & 2030
8.2. Video Conferencing Market Estimates & Forecast, By End-use (USD Million)
8.2.1. Corporate
8.2.2. Education
8.2.3. Healthcare
8.2.4. Government & Defense
8.2.5. BFSI
8.2.6. Media & Entertainment
8.2.7. Others
Chapter 9. Regional Estimates & Trend Analysis
9.1. Video Conferencing Market by Region, 2023 & 2030
9.2. North America
9.2.1. North America Video Conferencing Market Estimates & Forecasts, 2018-2030 (USD Million)
9.2.2. U.S.
9.2.3. Canada
9.3. Europe
9.3.1. Europe Video Conferencing Market Estimates & Forecasts, 2018-2030 (USD Million)
9.3.2. Germany
9.3.3. U.K.
9.3.4. France
9.3.5. Italy
9.3.6. Spain
9.4. Asia Pacific
9.4.1. Asia Pacific Video Conferencing Market Estimates & Forecasts, 2018-2030 (USD Million)
9.4.2. Japan
9.4.3. China
9.4.4. India
9.4.5. South Korea
9.5. Latin America
9.5.1. Latin America Video Conferencing Market Estimates & Forecasts, 2018-2030 (USD Million)
9.5.2. Brazil
9.5.3. Mexico
9.6. Middle East & Africa (MEA)
9.6.1. MEA Video Conferencing Market Estimates & Forecasts, 2018-2030 (USD Million)
9.6.2. Saudi Arabia
9.6.3. South Africa
Chapter 10. Video Conferencing Market - Competitive Landscape
10.1. Recent Developments & Impact Analysis, By Key Market Participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Share Analysis, 2023
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
10.8.1. Expansion/Divestiture
10.8.2. Collaborations/Partnerships
10.8.3. New Product Launches
10.8.4. Research & Development
10.9. Company Profiles
10.9.1. Adobe Inc.
10.9.1.1. Participant’s Overview
10.9.1.2. Financial Performance
10.9.1.3. Product Benchmarking
10.9.1.4. Recent Developments
10.9.2. AURA Presence, LLC
10.9.2.1. Participant’s Overview
10.9.2.2. Financial Performance
10.9.2.3. Product Benchmarking
10.9.2.4. Recent Developments
10.9.3. Avaya LLC
10.9.3.1. Participant’s Overview
10.9.3.2. Financial Performance
10.9.3.3. Product Benchmarking
10.9.3.4. Recent Developments
10.9.4. Cisco Systems, Inc.
10.9.4.1. Participant’s Overview
10.9.4.2. Financial Performance
10.9.4.3. Product Benchmarking
10.9.4.4. Recent Developments
10.9.5. Google LLC
10.9.5.1. Participant’s Overview
10.9.5.2. Financial Performance
10.9.5.3. Product Benchmarking
10.9.5.4. Recent Developments
10.9.6. Huawei Technologies Co., Ltd.
10.9.6.1. Participant’s Overview
10.9.6.2. Financial Performance
10.9.6.3. Product Benchmarking
10.9.6.4. Recent Developments
10.9.7. Logitech International S.A.
10.9.7.1. Participant’s Overview
10.9.7.2. Financial Performance
10.9.7.3. Product Benchmarking
10.9.7.4. Recent Developments
10.9.8. Microsoft Corporation
10.9.8.1. Participant’s Overview
10.9.8.2. Financial Performance
10.9.8.3. Product Benchmarking
10.9.8.4. Recent Developments
10.9.9. Plantronics, Inc. (acquired by HP Development Company, L.P.)
10.9.9.1. Participant’s Overview
10.9.9.2. Financial Performance
10.9.9.3. Product Benchmarking
10.9.9.4. Recent Developments
10.9.10. Enghouse Video (formerly Vidyo, Inc.)
10.9.10.1. Participant’s Overview
10.9.10.2. Financial Performance
10.9.10.3. Product Benchmarking
10.9.10.4. Recent Developments
10.9.11. West Corporation (Intrado Life & Safety, Inc.)
10.9.11.1. Participant’s Overview
10.9.11.2. Financial Performance
10.9.11.3. Product Benchmarking
10.9.11.4. Recent Developments
10.9.12. Zoom Video Communications, Inc.
10.9.12.1. Participant’s Overview
10.9.12.2. Financial Performance
10.9.12.3. Product Benchmarking
10.9.12.4. Recent Developments
List of Tables
Table 1 Video Conferencing Market - Key Market Driver Impact
Table 2 Video Conferencing Market - Key Market Restraint Impact
Table 3 Video Conferencing Market Revenue Estimates and Forecast, By Component, 2018-2030 (USD Million)
Table 4 Video Conferencing Market Revenue Estimates and Forecast, By Deployment, 2018-2030 (USD Million)
Table 5 Video Conferencing Market Revenue Estimates and Forecast, By Enterprise Size, 2018-2030 (USD Million)
Table 6 Video Conferencing Market Revenue Estimates and Forecast, By Application, 2018-2030 (USD Million)
Table 7 Video Conferencing Market Revenue Estimates and Forecast, By End-use, 2018-2030 (USD Million)
Table 8 Recent Developments & Impact Analysis, By Key Market Participants
Table 9 Company Heat Map Analysis
Table 10 Key companies undergoing expansions/divestitures.
Table 11 Key Companies undergoing collaborations.
Table 12 Key companies launching new products
Table 13 Key companies engaged in research & development
List of Figures
Figure 1 Video Conferencing Market Segmentation
Figure 2 Information Procurement
Figure 3 Data Analysis Models
Figure 4 Market Formulation and Validation
Figure 5 Data Validating & Publishing
Figure 6 Market Snapshot
Figure 7 Segment Snapshot (1/3)
Figure 8 Segment Snapshot (2/3)
Figure 9 Segment Snapshot (3/3)
Figure 10 Competitive Landscape Snapshot
Figure 11 Video Conferencing Market Value, 2023 & 2030 (USD Million)
Figure 12 Industry Value Chain Analysis
Figure 13 Market Dynamics
Figure 14 Global internet penetration, by region, 2023 (%)
Figure 15 PORTER’s Analysis
Figure 16 PESTEL Analysis
Figure 17 Video conferencing market, by component, key takeaways
Figure 18 Video conferencing market, by component: market share, 2023 & 2030
Figure 19 Hardware market estimates & forecasts, 2018-2030 (USD Million)
Figure 20 Camera market estimates & forecasts, 2018-2030 (USD Million)
Figure 21 Microphone/headphone market estimates & forecasts, 2018-2030 (USD Million)
Figure 22 Others market estimates & forecasts, 2018-2030 (USD Million)
Figure 23 Software market estimates & forecasts, 2018-2030 (USD Million)
Figure 24 Service market estimates & forecasts, 2018-2030 (USD Million)
Figure 25 Professional services market estimates & forecasts, 2018-2030 (USD Million)
Figure 26 Managed services market estimates & forecasts, 2018-2030 (USD Million)
Figure 27 Video conferencing market, by deployment, key takeaways
Figure 28 Video conferencing market, by deployment: market share, 2023 & 2030
Figure 29 On-premise market estimates & forecasts, 2018-2030 (USD Million)
Figure 30 Cloud communication market estimates & forecasts, 2018-2030 (USD Million)
Figure 31 Video conferencing market, by enterprise size, key takeaways
Figure 32 Video conferencing market, by enterprise size: market share, 2023 & 2030
Figure 33 Large enterprises market estimates & forecasts, 2018-2030 (USD Million)
Figure 34 SMEs market estimates & forecasts, 2018-2030 (USD Million)
Figure 35 Video conferencing market, by application, key takeaways
Figure 36 Video conferencing market, by application: market share, 2023 & 2030
Figure 37 Consumer market estimates & forecasts, 2018-2030 (USD Million)
Figure 38 Enterprise market estimates & forecasts, 2018-2030 (USD Million)
Figure 39 Video conferencing market, by end use, key takeaways
Figure 40 Video conferencing market, by end-use: market share, 2023 & 2030
Figure 41 Corporate management market estimates & forecasts, 2018-2030 (USD Million)
Figure 42 Education market estimates & forecasts, 2018-2030 (USD Million)
Figure 43 Healthcare market estimates & forecasts, 2018-2030 (USD Million)
Figure 44 Government & defense market estimates & forecasts, 2018-2030 (USD Million)
Figure 45 BFSI market estimates & forecasts, 2018-2030 (USD Million)
Figure 46 Media & entertainment market estimates & forecasts, 2018-2030 (USD Million)
Figure 47 Others market estimates & forecasts, 2018-2030 (USD Million)
Figure 48 Video conferencing market revenue, by region, 2023 & 2030 (USD Million)
Figure 49 Regional marketplace: Key takeaways (1/2)
Figure 50 Regional marketplace: Key takeaways (2/2)
Figure 51 North America Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 52 U.S. Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 53 Canada Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 54 Europe Video Conferencing Market estimates & forecast, 2018-2030 (USD Million)
Figure 55 U.K. Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 56 Germany Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 57 France Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 58 Italy Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 59 Spain Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 60 Asia Pacific Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 61 China Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 62 Japan Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 63 India Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 64 South Korea Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 65 Latin America Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 66 Brazil Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 67 Mexico Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 68 MEA Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 69 Saudi Arabia Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 70 South Africa Video conferencing market estimates & forecast, 2018-2030 (USD Million)
Figure 71 Key Company Categorization
Figure 72 Company Market Share Analysis, 2023
Figure 73 Strategic Framework

Companies Mentioned

  • Adobe Inc.
  • AURA Presence, LLC
  • Avaya LLC
  • Cisco Systems, Inc.
  • Google LLC
  • Huawei Technologies Co., Ltd.
  • Logitech International S.A.
  • Microsoft Corporation
  • Plantronics, Inc. (acquired by HP Development Company, L.P.)
  • Enghouse Video (formerly Vidyo, Inc.)
  • West Corporation (Intrado Life & Safety, Inc.)
  • Zoom Video Communications, Inc.

Methodology

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Table Information